$5,105 Closing Credit*
$429,900
2,834 SqFt
3 Beds
•3 Full Baths
#9974419, Ashley Foran, Listing Office: Southeastern Properties
Is Piney Flats, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Piney Flats was a Seller's Market.
Key Takeaway
Piney Flats is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Piney Flats, TN
How much do homes in Piney Flats, TN cost?
Median Sold Price
$454,750
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,107(+9.9%)
Key Takeaway
Homes in Piney Flats have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Piney Flats was $454,750 in November 2024, up 9.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | - | N/A |
| 2 Bedrooms | $285K | $208K | -27.0% |
| 3 Bedrooms | $365K | $450K | +23.3% |
| 4 Bedrooms | $394.6K | $550K | +39.4% |
| 5+ Bedrooms | $442.8K | $520K | +17.4% |
Summary: Piney Flats housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Bluff City | $268K | $318K | +18.7% |
| Piney Flats | $413.6K | $454.7K | +9.9% |
| Johnson City | $280.2K | $304.5K | +8.7% |
| Blountville | $281K | $295.4K | +5.1% |
Housing Supply in Piney Flats, TN
How many homes are available in Piney Flats, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The Piney Flats real estate market had 33 homes for sale in November 2024, a 3.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Piney Flats housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piney Flats, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Piney Flats in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Piney Flats, TN
How long does it take to sell a home in Piney Flats, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 70 Days | +26.4% |
Summary: Homes in Piney Flats had an average of 70 days on market in Nov 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Piney Flats has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Piney Flats; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.